The housing created and stewarded by OakCLT–whether ownership or cooperative rental–is permanently affordable.
OakCLT ensures affordability by:
- Retaining ownership of the land underneath the housing it develops. We don’t pass on the full costs of a property to a family.
- Striking a balance between the needs of individual residents & families to live in a stable & supportive environment with the broad goal of ensuring that affordable housing will exist for future generations.
- Paying it forward – CLT residents agree that when they move on to another housing situation they will extend the same benefit they received to another low-income individual or family. This principle is enacted through a ground lease between the CLT and its partner residents.